#39-Bob and Julia discuss the base rate fallacy, superforecasting, and regression to the mean


Manage episode 241546737 series 1523450
By Bob Froehlich, Bob Froehlich-Retired Chemist, Psychology Professor, and Julia Minton-Technology Consultant. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

This episode focuses on the power of understanding statistics and probability, including how avoiding base rate neglect can help you make better decisions. Also discussed are: superforecasting (what it takes to make more accurate predictions of future events) and the power of understanding the statistical principle of regression toward the mean.

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